Statement from Chrysler Group LLC Chief Executive Officer Sergio Marchionne Regarding Credit Ratings

AUBURN HILLS, Mich., May 3, 2011 /PRNewswire/ -- "The issuance today by Moody's of a B2 credit rating and 'positive' outlook, which follows Standard & Poor's of a preliminary B+ credit rating on Chrysler Group LLC represents a further important step for the Company. I believe it also shows recognition of the efforts made by Chrysler Group's management, employees and other stakeholders in less than two years to bring Chrysler back to life following the exit from Chapter 11.

"As I previously stated, the results achieved in the first quarter of 2011 and the recently announced plans to repay the U.S. and Canadian governments further strengthen our commitment and determination to achieve, with rigor and discipline, all the targets set in the 2010-14 Chrysler Group business plan presented on November 4, 2009. So far, all of the goals have been reached and, in some cases, exceeded; evidence of the speed at which the Company has been able to realize its profound culture change.

"Moreover, Chrysler Group as a standalone company is again on the radar screen of the financial community after thirteen years of absence."

For more information, please visit the Chrysler media site at http://www.media.chrysler.com.  

SOURCE Chrysler Group LLC

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